wells community network cic
wells community network cic Company Information
Company Number
12835027
Website
-Registered Address
40 churchill road east, wells, BA5 3HU
Industry
Other social work activities without accommodation n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
-0%
wells community network cic Estimated Valuation
Pomanda estimates the enterprise value of WELLS COMMUNITY NETWORK CIC at £6.1k based on a Turnover of £17.2k and 0.36x industry multiple (adjusted for size and gross margin).
wells community network cic Estimated Valuation
Pomanda estimates the enterprise value of WELLS COMMUNITY NETWORK CIC at £3.1k based on an EBITDA of £1.1k and a 2.87x industry multiple (adjusted for size and gross margin).
wells community network cic Estimated Valuation
Pomanda estimates the enterprise value of WELLS COMMUNITY NETWORK CIC at £7.3k based on Net Assets of £9.2k and 0.79x industry multiple (adjusted for liquidity).
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Wells Community Network Cic Overview
Wells Community Network Cic is a live company located in wells, BA5 3HU with a Companies House number of 12835027. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in August 2020, it's largest shareholder is unknown. Wells Community Network Cic is a startup, micro sized company, Pomanda has estimated its turnover at £17.2k with unknown growth in recent years.
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Wells Community Network Cic Health Check
Pomanda's financial health check has awarded Wells Community Network Cic a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
5 Weak
Size
annual sales of £17.2k, make it smaller than the average company (£431.8k)
£17.2k - Wells Community Network Cic
£431.8k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Wells Community Network Cic
- - Industry AVG
Production
with a gross margin of 13.9%, this company has a higher cost of product (46.9%)
13.9% - Wells Community Network Cic
46.9% - Industry AVG
Profitability
an operating margin of 6.2% make it more profitable than the average company (4.5%)
6.2% - Wells Community Network Cic
4.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
- Wells Community Network Cic
12 - Industry AVG
Pay Structure
on an average salary of £23.3k, the company has an equivalent pay structure (£23.3k)
- Wells Community Network Cic
£23.3k - Industry AVG
Efficiency
resulting in sales per employee of £17.2k, this is less efficient (£41.4k)
- Wells Community Network Cic
£41.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Wells Community Network Cic
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Wells Community Network Cic
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Wells Community Network Cic
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 328 weeks, this is more cash available to meet short term requirements (252 weeks)
328 weeks - Wells Community Network Cic
252 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.9%, this is a higher level of debt than the average (11.2%)
16.9% - Wells Community Network Cic
11.2% - Industry AVG
WELLS COMMUNITY NETWORK CIC financials
Wells Community Network Cic's latest turnover from December 2022 is £17.2 thousand and the company has net assets of £9.2 thousand. According to their latest financial statements, we estimate that Wells Community Network Cic has 1 employee and maintains cash reserves of £11.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 17,200 | 41,937 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 14,804 | 24,364 |
| Gross Profit | 2,396 | 17,573 |
| Admin Expenses | 1,331 | 7,928 |
| Operating Profit | 1,065 | 9,645 |
| Interest Payable | 0 | 0 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | 1,065 | 9,645 |
| Tax | -1,363 | 0 |
| Profit After Tax | -298 | 9,645 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -298 | 9,645 |
| Employee Costs | ||
| Number Of Employees | ||
| EBITDA* | 1,065 | 9,645 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 0 | 0 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 11,104 | 11,399 |
| misc current assets | 0 | 0 |
| total current assets | 11,104 | 11,399 |
| total assets | 11,104 | 11,399 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 1,757 | 1,768 |
| total current liabilities | 1,757 | 1,768 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 114 | 100 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 114 | 100 |
| total liabilities | 1,871 | 1,868 |
| net assets | 9,233 | 9,531 |
| total shareholders funds | 9,233 | 9,531 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 1,065 | 9,645 |
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | -1,363 | 0 |
| Stock | 0 | 0 |
| Debtors | 0 | 0 |
| Creditors | 0 | 0 |
| Accruals and Deferred Income | 3 | 1,868 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | -295 | 11,513 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | 0 | 0 |
| cash flow from financing | 0 | -114 |
| cash and cash equivalents | ||
| cash | -295 | 11,399 |
| overdraft | 0 | 0 |
| change in cash | -295 | 11,399 |
wells community network cic Credit Report and Business Information
Wells Community Network Cic Competitor Analysis
Perform a competitor analysis for wells community network cic by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in BA5 area or any other competitors across 12 key performance metrics.
wells community network cic Ownership
WELLS COMMUNITY NETWORK CIC group structure
Wells Community Network Cic has no subsidiary companies.
Ultimate parent company
WELLS COMMUNITY NETWORK CIC
12835027
wells community network cic directors
Wells Community Network Cic currently has 6 directors. The longest serving directors include Ms Emma Lefevre (Aug 2020) and Mr Andrew Webb (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Emma Lefevre | England | 55 years | Aug 2020 | - | Director |
| Mr Andrew Webb | England | 56 years | Oct 2020 | - | Director |
| Mr Philip Welch | 76 years | Feb 2021 | - | Director | |
| Ms Patricia Leigh | England | 63 years | Feb 2021 | - | Director |
| Ms Annalisa Checchi | England | 45 years | Feb 2021 | - | Director |
| Ms Karen Deverell | 58 years | Sep 2021 | - | Director |
P&L
December 2022turnover
17.2k
-59%
operating profit
1.1k
-89%
gross margin
14%
-66.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
9.2k
-0.03%
total assets
11.1k
-0.03%
cash
11.1k
-0.03%
net assets
Total assets minus all liabilities
Similar Companies
wells community network cic company details
company number
12835027
Type
Private Ltd By Guarantee w/o Share Cap
industry
88990 - Other social work activities without accommodation n.e.c.
incorporation date
August 2020
age
4
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
40 churchill road east, wells, BA5 3HU
accountant
-
auditor
-
wells community network cic Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to wells community network cic.
wells community network cic Companies House Filings - See Documents
| date | description | view/download |
|---|
